The Consumer Duty rules relate to four consumer-focused outcomes, these being: Products and services. Price and value. Consumer understanding. Consumer support. In May 2023, the FCA’s financial lives survey found that 14% of UK adults who held one or more financial products had unsuccessfully attempted to contact their financial service provider. The 7% of adults…
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Busy Friday for the UK FCA. The regulator has earlier today confirmed that all companies acting in or from the United Kingdom are prohibited from selling, marketing or distributing binary options to retail consumers. Later on, the regulator released its final instruments and guidance that will apply in the event of a no-deal Brexit or an…
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Only a couple of days after China announcing the domestic ban of several exchanges trading bitcoin, the cryptocurrency is back with 30% price increase in several days. The news that the Chinese exchange bans will not really impact the overall cryptocurrency industry around the globe calmed the markets. Only in the afternoon today, September 18th,…
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Continuing a busy week for UK regulator the FCA, in which it has already shaken the online trading market by introducing stricter rules for CFD trading, the FCA has given an update on the post-implementation review of the loan-based and investment-based crowdfunding market. UK watchdog's earlier call for input raised a number of issues for…
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